Can a company be registered without “Limited” or “Ltd” in its name?
All companies EXCEPT ordinary companies not designated as non-profit organisations may be registered without “Limited” or “Ltd” in its name.
May I use the name of a company after it has been removed from the register?
A name may be used ten (10) years after an entity has been dissolved.
Would there be any reason why a name is not available?
A name would not be available if
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- It is identical or closely resembles a name already registered or any translated name on the register of companies, contains the words “Chamber of Commerce” unless the company registered under section 80 without the addition of the word “Limited” or the abbreviation “Ltd.” to its name;
- contains the words “building society”.
Other Restrictions may apply to see the list of restricted words or phrases.
Where restrictions apply approval may be sought from the Registrar of Companies or the Cayman Islands Monetary Authority as applicable.
How can a company’s name be changed?
Any company may, by special resolution, change its name and, in the case of an exempted company, may adopt a dual foreign name or change its dual foreign name, if any, and any dual foreign name shall precede or follow its name.
Are there any consequences for failing to change the name as directed by the Registrar?
A company which defaults in complying with a direction from the Registrar to change its name is liable to a fine of ten dollars for every day during which the default continues.
Can a name be reserved? What is the procedure?
If through inadvertence or otherwise, a company on its first registration or on its registration by a new name or new translated name is registered by a name or a translated name which in any way contravenes the naming requirements, then the company may, with the sanction of the Registrar, change its name or its translated name as the case may be and shall, if the Registrar so directs, change its name or translated name within six weeks of the date of such direction or within a such longer period as the Registrar may think fit.
The cost for the change of name is usually waived by the Registrar in this case.
Are there any specific word or phrase that has to be included in the name of a local company?
All ordinary resident (local) companies are required to have the word “Limited” or the abbreviation “Ltd.” as the last word in its name.
How do I know if a name is available?
You may contact the Registry CIGENREG@gov.ky